Bandwidth (NASDAQ:BAND) Shares Up 7.9% – Here’s What Happened

Bandwidth Inc. (NASDAQ:BAND) rose 7.9% during mid-day trading on Thursday . The company traded as high as $50.59 and last traded at $50.5790. 146,295 shares changed hands during trading, a decline of 83% from the average session volume of 867,558 shares. The stock had previously closed at $46.89.

Analyst Upgrades and Downgrades

BAND has been the topic of a number of recent analyst reports. B. Riley Financial upped their price objective on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings upgraded Bandwidth from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Piper Sandler raised their target price on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Bandwidth has an average rating of “Moderate Buy” and an average price target of $59.80.

Bandwidth Trading Up 9.1%

The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -176.42 and a beta of 2.96. The business’s 50-day simple moving average is $56.55 and its two-hundred day simple moving average is $40.36. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $217.62 million. Bandwidth’s quarterly revenue was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Equities analysts forecast that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Bandwidth

In related news, insider Rebecca Bottorff sold 2,176 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $128,057.60. Following the transaction, the insider owned 5,620 shares of the company’s stock, valued at approximately $330,737. This represents a 27.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daryl E. Raiford sold 4,228 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $64.15, for a total value of $271,226.20. Following the transaction, the chief financial officer owned 42,919 shares of the company’s stock, valued at $2,753,253.85. This trade represents a 8.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,844 shares of company stock worth $3,517,318. 5.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BAND. UBS Group AG boosted its stake in shares of Bandwidth by 189.2% in the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after buying an additional 134,309 shares during the period. Bastion Asset Management Inc. purchased a new stake in shares of Bandwidth during the first quarter worth approximately $6,592,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Bandwidth in the fourth quarter valued at $1,622,000. Walleye Capital LLC acquired a new position in shares of Bandwidth during the 1st quarter worth about $1,069,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after acquiring an additional 516,117 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Company Profile

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.